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Income Tax - Highlights / Catch Notes

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Reopening u/s 148 - Unexplained cash credit u/s 68 - AO has not ...

Case Laws     Income Tax

July 14, 2020

Reopening u/s 148 - Unexplained cash credit u/s 68 - AO has not mentioned whether the amount is on account of share capital or loans or expenses. - Addition has been made without specifying as to the nature of the amounts and also without examining the credits in the books of the assessee - Additions deleted.

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